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What is the easiest way for ITR filling
The best way to file an ITR is to reach a professional who is well-versed in and experienced in income tax. Though you can file yourself through the ITR portal, but it may lead to some mistake as filing require lots of knowledge and experience of Income Tax Act.
The best way to file an ITR is to reach a professional who is well-versed in and experienced in income tax. Though you can file yourself through the ITR portal, but it may lead to some mistake as filing require lots of knowledge and experience of Income Tax Act.
See lessDo I have any liability as a share holder of a Private Limited Company?
Shareholders' liability is limited to their shareholding in the company. They are not personally responsible for the company's debts or actions beyond the unpaid amount, if any, on their shares. However, shareholders may face personal liability if they engage in fraudulent activities. In the case ofRead more
Shareholders’ liability is limited to their shareholding in the company. They are not personally responsible for the company’s debts or actions beyond the unpaid amount, if any, on their shares.
However, shareholders may face personal liability if they engage in fraudulent activities. In the case of companies with unlimited liability, shareholders can be held responsible up to the amount they agreed to contribute to the company’s assets in the event of winding up. Shareholders who also serve as directors may have additional legal responsibilities.
See lessWhat is the TDS rate on Software subscription charges?
The TDS rate on software subscription charges is 2% as per section 194J Fee for technical services.
The TDS rate on software subscription charges is 2% as per section 194J Fee for technical services.
See lessWhat is the difference between executive and non executive director?
An executive director is the full-time working director of the company. They look after the affairs of the company and have a higher responsibility towards the company. A non-executive director is a non-working director and is not involved in the everyday working of the company. They might participaRead more
An executive director is the full-time working director of the company. They look after the affairs of the company and have a higher responsibility towards the company.
A non-executive director is a non-working director and is not involved in the everyday working of the company. They might participate in the planning or policy-making process.
See lessIs TDS deducted on Transports? is there any exemption on it?
The standard TDS rates for transportation charges are as follows: 1% for individual or Hindu Undivided Family (HUF) transporters. 2% for other entities. Exemptions- If a transporter owns fewer than ten goods carriages and has submitted their PAN, TDS deduction isn't necessary.
The standard TDS rates for transportation charges are as follows:
Exemptions- If a transporter owns fewer than ten goods carriages and has submitted their PAN, TDS deduction isn’t necessary.
See lessIs RCM applicable on the fee paid to a foreign player playing in India?
Hi, I am breaking your question into multiple pieces to make it easier to understand. Payment to Nonresident Taxable Person (NRTP) Section 2(77) of CGST Act, 2017 says that a Non-Resident Taxable Person means "any person who occasionally undertakes transactions involving the supply of goods or serviRead more
Hi,
I am breaking your question into multiple pieces to make it easier to understand.
Payment to Nonresident Taxable Person (NRTP)
Section 2(77) of CGST Act, 2017 says that a Non-Resident Taxable Person means “any person who occasionally undertakes transactions involving the supply of goods or services, or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India.”
Requirement of Registration in IndiaÂ
Section 24 of the CGST Act, 2017, required NRTP to register under GST law mandatorily five days before the commencement of the business irrespective of the minimum threshold turnover limit.
Applicability of RCM
Since NRTP requires the registration, he has to deposit tax in advance, equivalent to the estimated tax liability calculated on the value of taxable supply for the period for which the registration has been obtained.
Conclusion: GST should be paid under forward charge, not under reverse charge.
See lessHow to make payment of TDS on purchase of Property?
Here is the step-by-step process for making payment for TDS on immovable property. Go to the login page of the official Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/login?language-code=en) log in to your account Navigate to the "E-file" section and select 'e-pay Tax In the 'Read more
Here is the step-by-step process for making payment for TDS on immovable property.
6. Choose your preferred payment mode: ‘Pay later’ or ‘Pay Now’.
7. Click on ‘Pay Now’ to make payment of TDS
8. After payment, the Form 26QB acknowledgment will be generated and can be downloaded.
9. Login as a Taxpayer on the TRACES Portal (https://contents.tdscpc.gov.in/) and generate the TDS Certificate from
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